Crain's Chicago Business The owner of the 225-room Hotel Felix in Chicago has staved off foreclosure, agreeing to a loan modification of the 12-story property's $46.5 million of securitized loan. A venture led by Oxford Capital Group owns the hotel, ...
Kroll Bond Rating Agency has downgraded two principal-paying classes of WFRBS Commercial Mortgage Trust, 2014-C24, because of the losses it expects to result from the resolution of a number of trouble loans, including a $91 million mortgage against the Two ...
Following is a list of recent downgrades by Fitch Ratings: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Fitch's New Rating Fitch's Old Rating Notes Credit Suisse First Boston ...
South Florida Business Journal PEBB Enterprises has acquired the securitized debt against a 125,641-square-foot retail building in Palm Beach Gardens, Fla., formerly occupied by Gander Mountain, which had filed for Chapter 11 bankruptcy protection last year. The property, at 100 ...
Crain's Chicago Business A foreclosure suit was filed late last month in Cook County, Ill., Circuit Court against the owner of the Hotel Felix in Chicago. A venture led by Oxford Capital Group owns the 225-room property in the city's ...
Commercial Real Estate Direct Staff Report The bankruptcy reorganization last year of Samson Resources Corp. has placed the $44.9 million CMBS loan against the 765,809-square-foot Williams Center Towers office property in Tulsa, Okla., at greater risk of default. So the ...
Commercial Real Estate Direct Staff Report The $45.6 million CMBS loan against the 225-room Hotel Felix Chicago has transferred to special servicer Midland Loan Services because it's expected to default. The transfer was highlighted earlier this week by Fitch Ratings ...
Crain's Chicago Business Oxford Capital Group is seeking to modify terms of a $47 million CMBS loan against Chicago's Hotel Felix. A venture led by Oxford had paid $24 million for the 225-room hotel in 2007. It later redeveloped it ...
Following is a list of recent downgrades by Moody's Investors Service: Deal Name Current Pool Bal. $mln Orig. Pool Bal $mln DXMark (collateral value, % of par)* Class Size $mln Moody's New Rating Moody's Old Rating Notes WFRBS Commercial Mortgage ...
Union Square, a 150,000-square-foot retail and office property in the Philadelphia suburb of New Hope, Pa., has been put on the sales block with an asking price of $30 million, or $200/sf. The property is a block from the Delaware ...
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